The introduction of the National Registration and Accreditation Scheme (NRAS) means that there will be a greater need for medical students to hold their own indemnity policy.
This is a significant change for the profession and to ensure that all MDA National Student Members can receive the benefits of their own indemnity, the premium has been removed from the Student Indemnity Policy.
With your own Student Indemnity Policy, you can feel confident that you will be protected with features such as:
- Cover for clinical placements, electives and scholarship placements anywhere in the world (excluding the USA).
- Access to independent legal representatives who will act on your behalf.
- Cover for professional negligence claims arising from Good Samaritan acts worldwide.
- Cover for up to $20,000,000 in the aggregate for all claims made under the policy.
- Sub-limit of $500,000 in the aggregate for defence costs for:
- Investigations, including inquiries, disciplinary or administrative proceedings by a Medical Board, Tribunal, Royal Commission, Professional Body or Coronial Court.
- Allegations of sexual misconduct or criminal conduct.
- Allegations of academic misconduct by you*.
* This excludes cover for allegations of a breach of intellectual property rights (including copyright).
Your own Insurance Cover is Worthwhile
As a Medical Student, you may feel that Medical Indemnity cover is something you don’t need now. However, your own insurance cover is worthwhile as it provides you with the security to undertake medical training in situations where you may be exposed to medical negligence claims or investigations. You may also be in a situation where you require assistance with university disciplinary proceedings which may result in expulsion or suspension from your course.
Your Medical degree may include some or all of:
- Private Clinical Observations (under appropriate medical supervision).
- Student Electives.
- Clinical Placements.
- Scholarship Placements.
Additional exposures related to the NRAS could include:
- Students being reported to the medical board in certain circumstances if they have an impairment that, in the course of the student undertaking clinical training, may place the public at substantial risk of harm.
- Students being reported to the medical board as a result of being found guilty of a criminal offense punishable by 12 months or more of imprisonment
How to Apply
If you are already a Student Member of MDA National but don’t hold a Student Indemnity Policy, you will need to complete an application form for the Student Indemnity Policy. The form and the Product Disclosure Statement and Policy Wording, which gives you more information about the policy features and terms and conditions are available here or by contacting Member Services on 1800 011 255.
When YOU need Medical Indemnity…. MDA National